EQS Newswire / 22/04/2024 / 05:00 CET/CEST
DFI Retail Group releases Sustainability Report 2023 |
- Science Based Targets Initiative (SBTi) validation: DFI became one of the first Asian retailers to be validated by SBTi for its near-term GHG emissions reduction targets. For Scope 1 and 2, the committed target is to reduce half emissions by 2030. DFI has also pledged separately to achieve net-zero emissions by 2050, with a yearly plan and investments planned to achieve this long-term goal. SBTi has also validated DFI’s Scope 3 emissions reduction target, focusing on purchased goods and services (category 1) and other significant categories.
- Reduction in GHG emissions: DFI achieved a remarkable 19% reduction in Scope 1 and 2 GHG emissions compared to its 2021 baseline. It reflects DFI’s ongoing efforts to mitigate direct and indirect emissions and combat climate change.
- Morningstar Sustainalytics rating: DFI ESG risk rating has improved from 25.3 in 2022 to 22.9 in 2023, advancing the company from the top 50% to the top 29% in the Global Food Retail sub-industry rankings. Sustainalytics has given DFI the overall ESG management a “Strong” rating, despite the company’s above-average risk exposure for their sub-industry.
3. Progress in waste diversion:
- DFI achieved a 54% waste diversion rate in 2023, up from 51% in 2022, underscoring the Group’s commitment to diverting waste from landfills and promoting recycling and sustainable waste management practices.
4. Committing to reducing plastic waste:
- DFI achieved a commendable 38% reduction in plastic bags and plastic wrap usage compared to 2022. Demonstrating the Group’s efforts to minimize the environmental impact of its operations.
5. Improving the recyclability of Own Brand products’ packaging:
- As of 2023, 57% of these Own Brand products’ plastic packaging are recyclable. enhancing the circularity of packaging materials.
[1]Scope 1 covers emissions from sources that an organization owns or controls directly; Scope 2 are emissions that a company causes indirectly and come from where the energy it purchases and uses is produced; Scope 3 encompasses emissions that are not produced by the company itself and are not the result of activities from assets owned or controlled by them, but by those it’s indirectly responsible for up and down its value chain.
Hashtag: #DFIRetailGroup #DFI #ESG #Sustainability #SustainabilityReport
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About DFI Retail Group
DFI Retail Group (the ‘Group’) is a leading pan-Asian retailer. The Group provides quality and value to Asian consumers by offering leading brands, a compelling retail experience and great service; all delivered through a strong store network supported by efficient supply chains.
The Group (including associates and joint ventures) operates under a number of well-known brands across six divisions. The principal brands are:
Food
Convenience
Health and Beauty
Home Furnishings
Restaurants
Other Retailing
Robinsons in the Philippines operating department stores, specialty and DIY stores.
News Source: DFI Retail Group
22/04/2024 Dissemination of a Financial Press Release, transmitted by EQS News.
The issuer is solely responsible for the content of this announcement.
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